08-19-2012 08:18 AM
Soooo...I am being a bit of a bad boy today, but am trying to get out of subprime hell. Apped for Wal-mart card on 8/15 and was approved for $600; apped for paypal extras MC and was offered (and accepted) smartconnect offer for $300 today. Now the QUESTION IS....IF I continue on this GE app spree for three more times today (since the inqs are already there), will they start to see that as a flag and does it kill my chances for approvals with them? I will DEFINITELY BE in garden mode for the rest of this year AND NEXT YEAR, but want to take advantage today while I can! I think my TU is higher than what's coming up (currently says 605 and my EQ and EX seem to be hovering right around 595). Had BK in 2004 (still reporing on EX and EQ, but gone from TU report).
08-19-2012 08:25 AM
08-19-2012 08:26 AM
08-19-2012 08:30 AM
I would advise stopping now, your foot is in the door. The more new credit you get the more your scores will go down, GE is allready slapping you down, I was apprv'd a week ago for a Paypal MC plus with a 685 TU FICO with a 2k limit. If you keep applying you will get sub $500 limit perhaps even the dreaded $150 limit and no CLI's for 6months+. Not sure if its worse to get the $150 limit or a simple denial since you only take the INQ not the new tradeline hit and a limit that says to creditors feel free give me a low limit card I will accept it.
Use the card, pay on time, ask for CLI's in 6 months add more cards if you like, you will have a history and they will be happy to give you more cards.
08-19-2012 08:39 AM
WARNING HEEDED! PUTTING COMPUTER AWAY! NEVER TOUCHING ANY OTHER LINK THAT DOES NOT HAVE THE WORD "GARDEN" IN IT!! :-)
08-19-2012 08:45 AM
08-19-2012 08:47 AM
08-19-2012 09:10 AM
I still don't understand the "GE COMPUTER"
I have many threads back in Nov and Dec. 2011 and then again starting in about May 2012
in end I got PayPal MC $2k
Chevron $450 (thought declined, but then card came)
Amazon - Declined with 3 HP, never head of that before - Came back 4 or so months later and instant for $900
Gap - Declined 2 now!
TJX Store $300 - ODD My best friend got $2k MC with them
I also had MANY AU accounts with GE couple Joint Accounts for many many years...
I have only been able to get 1 CLI and that was on Lowes from $500 to $1000 when my balance was $497!
it's just all over the map
and with the gap also denied Lens Crafters, CareCredit x2, i know more but can't think of them now.
08-19-2012 10:15 AM
08-19-2012 10:20 AM
GE used to hate me, I have 6 accounts with them now, CLI's every 4-6 month's, I would advise to stop apping for 6 months and then if you want another go for it. Make sure your using the cards and paying me than the minimum also requests CLI at 4 monyh mark.
you didn't provide him with your P.O. Box number and zip code
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO